EurUsd Change of Character đź””
Updated
Hello everyone so off to the races here with another week in the markets.
0:0 Monthly timeframe
2:59 Weekly timeframe
6:38 Daily timframe
9:10 4hr timeframe
12:08 1hr timeframe
12:50 Bias
My Analysis today is derived from the close of the Septmeber Monthyll candle. We observed the September monthly candle pull back up into the close with (2) Bullish Daily candles leading the way. Combine this with the fact that the Weekly candle last week closed above our Weekly/Monthly support level at 1.054. We currently are about 26 pips above our weekly support level and I can visualize price facilitating a move up from within this area. With that said, we have manufacturing in the coming session with the data expected to increase slightly but still contract overall ( which makes me more bullish on Eurusd). If I'm wrong then we will see a move back towards 1.054 Weekly support level and fail to hold it with NY session as a continue momentum on higher timeframes back to 1.05 daily support and psychological level..
What are your thoughts on the coming sessions?
Thanks for joining me today
0:0 Monthly timeframe
2:59 Weekly timeframe
6:38 Daily timframe
9:10 4hr timeframe
12:08 1hr timeframe
12:50 Bias
My Analysis today is derived from the close of the Septmeber Monthyll candle. We observed the September monthly candle pull back up into the close with (2) Bullish Daily candles leading the way. Combine this with the fact that the Weekly candle last week closed above our Weekly/Monthly support level at 1.054. We currently are about 26 pips above our weekly support level and I can visualize price facilitating a move up from within this area. With that said, we have manufacturing in the coming session with the data expected to increase slightly but still contract overall ( which makes me more bullish on Eurusd). If I'm wrong then we will see a move back towards 1.054 Weekly support level and fail to hold it with NY session as a continue momentum on higher timeframes back to 1.05 daily support and psychological level..
What are your thoughts on the coming sessions?
Thanks for joining me today
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